Absa Bank Kenya has officially appointed Yusuf Omari as its new Managing Director and Chief Executive Officer, effective September 10, 2026, following regulatory and internal approvals.

• Yusuf Omari, formerly the bank's Chief Finance Officer since 2009, had been serving as Interim Managing Director and CEO since July 1, 2026.
• He succeeds Abdi Mohamed, who moved to I&M Bank.
• Omari brings over two decades of banking experience and aims to strengthen customer relationships, accelerate sustainable growth, and invest in the bank's people.

Alcoholic brands from East African Breweries (EABL), Zheng Hong Kenya Limited, and Kenya Wines Limited (Kwal) are reportedly the most targeted by counterfeiters in Kenya, according to the Anti-Counterfeit Authority (ACA).

• 67 per cent of locally manufactured alcoholic drinks are counterfeited.
• The Anti-Counterfeit Authority (ACA), led by chief executive Robi King’a, is actively working with targeted companies.
• The ACA is collaborating with EABL, Zheng Hong Kenya Limited, and Kwal to detect and arrest counterfeit products.

Kenya's Competition Authority has approved Diageo's sale of its 65 per cent stake in East African Breweries Plc (EABL) to Japan's Asahi Holdings.

• The deal is valued at $2.3 billion (approximately Sh297.39 billion).
• Key organizations involved are Diageo, Asahi Holdings, and East African Breweries Plc (EABL).
• The regulator directed EABL to reserve sufficient funds for outstanding liabilities and to allocate 20 per cent of its cooler space in retail outlets to competitors' drinks.